Alpaca Trading vs ARMO Broker compared

Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against ARMO Broker!

Alpaca Trading
ARMO Broker
Alpaca Trading
4.6
ARMO Broker
4.3

Last update of dataJul 2022

Alpaca Trading

Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:

Recommended for traders interested in algorithmic stock trading.

ARMO Broker

ARMO Broker is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland.

Recommended for investors and traders from Europe interested in global markets.

Alpaca Trading's service is on par with ARMO Broker's and a comparison of their fees shows that Alpaca Trading's fees are lower than ARMO Broker's.

Account opening takes much less effort at Alpaca Trading compared to ARMO Broker, deposit and withdrawal processes are more complicated at Alpaca Trading, while customer service quality is somewhat lower than ARMO Broker's.

Our experts rated the trading platform of Alpaca Trading as being of the same quality as the platform of ARMO Broker, found that clients have access to much less markets and products with Alpaca Trading, while ARMO Broker provides just about the same quality of research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.6

Recommended for Traders interested in algorithmic stock trading

Overall Score
4.3

Recommended for Investors and traders from Europe interested in global markets

Country of origin

USA

Country of origin

Germany

Fees

Fees score
4.9
Fees score
3.5
Fees summary

Free stock and ETF trading, low non-trading fees

Fees summary

Low stock and ETF fees but high forex, options and futures fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
1.8
Deposit and withdrawal score
3.5
Number of base currencies

1

Number of base currencies

20

Deposit type

Withdrawal type

Account opening

Account opening score
4.8
Account opening score
1.7
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$2400

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Social security number, other proof of residence

Required documents

Proof of identity: passport, ID card, driver's license Proof of address: bank statement, utility bill, registration certificate, credit card bill

Trading platform

Web platform score
3.7
Web platform score
4.5
Mobile platform score
4.2
Mobile platform score
3.5
Desktop platform score
-
Desktop platform score
3.0

Markets and products

Markets and products score
2.5
Markets and products score
5.0
Stocks
*
*
Stocks
Fractional shares
*
*
Fractional shares
*
*
ETFs
*
*
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
5.0
Research score
5.0
Charting quality

Great

Charting quality

Great

Education score
5.0
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
2.4
Customer service score
3.1
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

€20,000

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2015

Foundation date

2019

Country of regulation

USA

Country of regulation

USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore

Alpaca Trading

For detailed information and hands-on experience, read our review of this broker.

ARMO Broker

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Brokers displayed might not be available in United States.

×